124 11Th Street, Manhattan Beach, California 90266

Property Status: Active

$7,950,000
3,966 Sqft
Property Description
We are proud to present 124 11th Street, a 5-unit mixed use asset located in the heart of downtown Manhattan Beach. One of the most desirable locations in all of Manhattan Beach, 124 11th Street is just steps from the ocean, Manhattan Beach Pier, and some of the hottest restaurants, shops and nightlife within walking distance. The residential units offers spectacular ocean views as they overlook the Manhattan Beach pier, sand and ocean waves. Built in 1946, the property has a great unit mix of three (3) residential units with ocean views and two (2) ground floor retail spaces which is located near the hottest retail spaces in the area. The apartment units consist of (1) two-bedroom, two-bathroom and (2) one-bedroom/ one-bathroom units. The property has undergone recent improvements including a new roof (Installed in 2020). Upon entering this property, you will find two separate entrances to two ground floor retail spaces which can combine to 1 retail space if needed or attract two retail boutique stores. The property currently has 4 of the 5 units vacant, with the remaining tenant willing to move out with 60 day notice. This investment provides the perfect opportunity for an owner/user to occupy one of the magnificent ocean view apartment units and/or occupying the retail space and renting out the other units for passive income. This is a trophy property that rarely hits the market. This iconic building in prime Downtown Manhattan Beach would be a prized asset in any investors real estate portfolio! Offering Memorandum can be provided upon request.
Listed by Sasha Rahban - DRE # - SaraVita Properties Inc
Features
3,966 Sqft
0
2711
10
: Central
: Central Air
: 4.00
CLW-C111997
2
: Inside, In Garage, Dryer Included, In Closet
0
0
: Garage - Two Door, Garage, Covered
: Dishwasher, Microwave, Refrigerator, Oven
Address Map
3,966 Sqft
0
2711
10
11Th
124
Street
5419
0
W119° 35' 21.8''
N33° 53' 1.6''
MLS Addon
3,966 Sqft
0
2711
10
SaraVita Properties Inc
2,711 Sqft
Rahban
MNRH
CLW-X82224
Sasha
South of Manhattan Beach Blvd and West of Manhattan Ave.
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4179018012
$0
0
: Standard
142 - Manhattan Bch Sand